Genesis Energy, L.P. (NYSE:GEL) has been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.75.
GEL has been the subject of a number of research analyst reports. Zacks Investment Research lowered Genesis Energy from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Robert W. Baird set a $29.00 target price on Genesis Energy and gave the company a “buy” rating in a report on Friday, November 17th. ValuEngine upgraded Genesis Energy from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Barclays reduced their target price on Genesis Energy from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 6th.
Genesis Energy (NYSE:GEL) traded up $0.01 on Friday, hitting $20.62. The stock had a trading volume of 1,010,000 shares, compared to its average volume of 740,407. The stock has a market capitalization of $2,530.00, a price-to-earnings ratio of 41.24 and a beta of 1.07. Genesis Energy has a one year low of $19.25 and a one year high of $34.37. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.62 and a quick ratio of 1.35.
Genesis Energy (NYSE:GEL) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The business had revenue of $720.10 million during the quarter, compared to analysts’ expectations of $644.89 million. Genesis Energy had a net margin of 4.07% and a return on equity of 7.04%. Genesis Energy’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 EPS. equities analysts expect that Genesis Energy will post 1.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This is an increase from Genesis Energy’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.89%. Genesis Energy’s dividend payout ratio is 408.00%.
In related news, VP Richard R. Alexander purchased 5,500 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were acquired at an average cost of $22.66 per share, with a total value of $124,630.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth M. Jastrow II purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of $22.32 per share, for a total transaction of $334,800.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $1,116,000. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GEL. Chicago Partners Investment Group LLC increased its stake in shares of Genesis Energy by 342.2% in the third quarter. Chicago Partners Investment Group LLC now owns 4,351 shares of the pipeline company’s stock worth $115,000 after acquiring an additional 3,367 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Genesis Energy by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 3,897 shares of the pipeline company’s stock worth $124,000 after buying an additional 271 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new position in Genesis Energy during the third quarter worth $189,000. Arrowstreet Capital Limited Partnership acquired a new position in Genesis Energy during the fourth quarter worth $235,000. Finally, Bank of New York Mellon Corp increased its position in Genesis Energy by 25.9% during the second quarter. Bank of New York Mellon Corp now owns 8,363 shares of the pipeline company’s stock worth $266,000 after buying an additional 1,720 shares during the last quarter. 77.03% of the stock is currently owned by institutional investors and hedge funds.
Genesis Energy Company Profile
Genesis Energy L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through four segments: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.
Receive News & Ratings for Genesis Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesis Energy and related companies with MarketBeat.com's FREE daily email newsletter.